Global Physiotherapy Equipment Market is majorly driven by the rising adoption of advanced healthcare equipment in developed countries: Physiotherapy is a treatment that focuses on physical methods to prevent injuries such as massage, heat treatment and different form of exercises in spite of surgeries or other harmful operations. Physiotherapy is a boom when it comes to chronic disease which last for longer time such as cancer, asthma, arthritis etc. Physiotherapy provides medications which mainly help patients suffering from chronic disease.
On the basis of products which are hydrotherapy, Cryotherapy, CPM, Electric stimulation, heat therapy and ultrasounds etc. Ultrasound is the largest physiotherapy segment in the year 2016 growing at 8.0% over a forecast period (2016-2024) due to disorders like muscles swelling, stress and depression etc.
Global physiotherapy equipment market accounted USD 15.6 billion in 2016 and is predicted to garner USD 25.0 billion by the end of 2024. Moreover, the global market is expected to expand at a CAGR of approximately 7.0% over the forecast period i.e. 2016-2024.
Geographically, North America physiotherapy equipment market dominated the global market and accounted USD 6.0 billion in 2016. On the other hand, Asia-Pacific physiotherapy equipment market is followed by North America region on the back of rising healthcare expenditure in developing nations such as China, India and others. Growing awareness among the population towards physiotherapy treatment is one of the major factors which are creating huge demand for the physiotherapy equipment across the region.
Rise in geriatric population: Major boost
Increase in ageing population is giving rise to cardiovascular, muscular and neurological disorders. Physiotherapy is the best treatment for prevention of these disorders as it helps the patients to avoid injuries and diseases by giving them massage heat treatment. Rise in ageing population in China, Japan and other Asian countries further creates opportunities for the physiotherapy equipment manufacturers to increase the supply of their equipment in growth countries.
Advancement in physiotherapy equipment technology: Innovation
Key players of physiotherapy equipment market are bringing new technologies for better treatment and diagnosis etc. such as rehabilitation robots, Ekso suit and others. Some mobile apps are also there like PT Genie which is outlined to assist patients in home exercise program are also contributing to the growth of global physiotherapy equipment market. Nevertheless, high cost of physiotherapy equipment and regular calibration of these equipments are the two key factors which are expected to hamper the growth of global physiotherapy equipment market.
“Global Physiotherapy Equipment Market Outlook 2024” contains detailed overview of the global physiotherapy equipment market in terms of market segmentation by product type, by application type, end user type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market report also includes provides competitive outlook of some of the major players of the global physiotherapy equipment market which includes profiling of companies BTL Industries DJO Global, Enraf-Nonius, EMS Physio, Isokinetic, Patterson Medical, Dynatronics Corporation, A.AlgeoLimited, Whitehall Manufacturing etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global physiotherapy equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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